Subway Plans Franchisee Overhaul As we hurtle towards the end of 2018, it’s time to look back and reflect on some of the big franchise stories of the year. Earlier this year, franchise giant Subway made headlines when they implemented an aggressive restructuring program, closing or consolidating hundreds of stores across the US. Subway is ...
read moreBut, there are key legal issues of private equity buying franchisees and franchise systems Attracted by the credible promise of a stable revenue stream in franchisee-paid royalties and limited capital investment, private equity investors’ interest in acquiring franchise chains has been increasing. As equity firms keep buying franchisees and franchise systems, certain legal issues might ...
read moreSome mistakes new franchisees make in the first year So. You’re the proud owner of a brand new franchise business. You did your research, explored options, investigated the legals fully, and you’re confident that the franchise you’ve chosen to invest in is the right one for you. So you’re fully behind the product or service ...
read moreFranchisee associations are getting stronger and stronger In 2018, many large franchise brands felt heat from franchisees who’d joined together to speak with one voice. Franchise owners have shown they are increasingly interested in having a say in the management and strategies set forth by their home office masters. Franchisees are starting to create franchisee ...
read moreFostering Franchise Culture Culture. Defined by the Cambridge Dictionary as “the way of life, especially the general customs and beliefs, of a particular group of people at a particular time”. A nation, region or community group will have its own culture: a set of values, beliefs, traditions and norms. Over time, that culture will change ...
read moreWhat is the number of on-site visits for year one? One of the most advantageous elements of owning a franchise is that the franchise owners are never in it alone. Established franchisors have diverse teams of trainers, marketing professionals, and sales coaches to help guide owners to be profitable. When buying into a Transblue franchise, ...
read moreHands-On Training Hands-On Training for any occupation can be exciting and frightening for any new professional adventure. Whether a dishwasher in a kitchen, or an accountant starting a new firm learning new software, training is inevitable at any stage of a job occupation. The only difference between a successful career and a disastrous employment can ...
read moreFranchisee’s Fuel Franchise Expansion “After our discovery days, you leave wanting to buy a franchise.” So says Steve Strickland, CEO of Workout Anytime, which debuts on our Fast & Serious ranking in the No. 23 slot after growing sales and units 62 percent and 59 percent, respectively, from 2015-2017. The brand hit $53 million in sales ...
read moreNational Buying Power As additional franchised owned locations are opened in your region, the brand’s name recognition increases — further enhancing the value of each franchised unit. Economies of Scale. Any large organization has built-in economies of scale, which help with national buying power. Franchising is no different, and the economies of scale created by ...
read more5 Essential Franchise Facts Many entrepreneurs are buying franchise businesses instead of launching their own company from scratch. According to Statista Research, there were expected to be over 759,000 franchise businesses in the United States alone in 2018. While buying into a franchise operation comes with many benefits, like an existing brand reputation, franchising is ...
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